Ups And Downs In Channel Company Stocks For Q1 2017
Submitted by Rick Whiting on
Conduent
CEO: Ashok Vemuri
Jan. 3, 2017: $14.90
March 31, 2017: $16.78
Change: +12.62%
Conduent is the $6.4 billion business process outsource service provider created when Xerox was split into two companies at the beginning of 2017. The company's shares began trading Jan. 3.
In February the company announced financial results for the company's fourth quarter and fiscal 2016, both ended Dec. 31, representing the company's operations while still part of Xerox Corp.
Revenue for all of 2016 was $6.41 billion, down 4 percent from $6.66 billion in 2015. The company reported a net loss of $983 million for 2016 compared to a $414 million net loss in 2015.
Revenue for the fourth quarter was $1.51 billion, down 12 percent from $1.73 billion in the same quarter one year earlier. The company reported a net loss of $951 million for the fourth quarter compared to a $5 million loss one year before.